Loading

57°F

57°F

59°F

57°F

59°F

57°F

57°F

59°F

59°F
NEWS STORIES

Renting versus OwningSubmitted: 10/12/2012
Story By Michael Crusan

RHINELANDER - Low mortgage rates and the recovering economy have come together to make buying a home cheaper than renting.

In the Northwoods realtors say homes are selling for up to 80-percent below the fair market value.

John Krueger is a Realtor at John Krueger Realty and says, "So that means the trend has reversed from a sellers' market to a buyers' market. That will reverse again because in the real estate business we're always in a cycle. Unfortunately we're in a longer cycle than usual, but that's going to go back up again."

While prices are low, many are taking advantage of the deals and turning a profit by converting homes into rental properties, Krueger says, "Investors and contractors are scooping up some of these low-end properties to rent. The rental market is strong and the prices of rental properties will show that. So many people lost their homes, unfortunately, and they have to go someplace, so they rent."

This buyers' market won't hang around forever though and realtors recommend purchasing a home now if you can afford it before it turns back into a sellers' market.

Related Weblinks:
John Krueger Realty

Text Size: + Increase | Decrease -
Print Story | Email Story
Sponsored in part by HodagSports.com





 IN OTHER NEWS
Improvements on the way for this weekend's PotatoFestSubmitted: 08/28/2014

Play Video

RHINELANDER - Rhinelander's first-ever PotatoFest last year started as a charity fundraiser and way to recognize the potato's importance in our area.

After last year's success, the event will expand even more this weekend.

PotatoFest features a parade, eating and cooking contests, live music all day, and the YMCA Couch Potato Race.

+ Read More
Headwaters Art League exhibit openSubmitted: 08/28/2014

Play Video

LAND O' LAKES - A local art league in Land O' Lakes will soon open their art exhibit to the public.

The Headwaters Art League will put on the exhibit at the Gateway Lodge on County Road B. A reception will be held from 4 to 6 pm on Friday. The group leaders want to use the event to promote communication between local artists.

"We hope to have a number of our artists participating in the show here," said Art League Founder Barbara Nehring. "Some to explain how they do their works and what inspires them."

+ Read More
Wisconsin governor's race remains dead heatSubmitted: 08/28/2014

MADISON - The latest Marquette University Law School poll shows Gov. Scott Walker and Democratic challenger Mary Burke remain in a dead heat.

The latest results released Wednesday show little movement in the race with 10 weeks until Election Day. Polls in May and July also showed the race to be essentially tied.

The latest poll shows Walker with 47.5 percent support among registered voters, compared with 44 percent for Burke. That is within the poll's 3.5 percentage point margin of error.

+ Read More
Kwik Trip opens in RhinelanderSubmitted: 08/28/2014

Play Video

RHINELANDER - You can find a new option for coffee, gas and groceries in the Northwoods.

Kwik Trip opened its doors in Rhinelander.

It's a family-owned gas station and convenience store chain out of LaCrosse.

There are 420 locations in Wisconsin, Minnesota and Iowa.

The newest location in Rhinelander will bring 30 jobs to the area.

+ Read More
Wisconsin mourning dove season to begin Sept. 1Submitted: 08/28/2014

MADISON - Wisconsin wildlife officials are reminding hunters that the state's new extended mourning dove season will begin next week.

Hunters will be allowed to kill the state's official peace symbol from Sept. 1 through Nov. 29. That's 20 days longer than previous seasons.

+ Read More
Free school meals for all Lac du Flambeau Public School students this yearSubmitted: 08/28/2014

Play Video

LAC DU FLAMBEAU - All students at the Lac du Flambeau Public School will get breakfast and lunch for free this year. A federal program will reimburse the school for all free meals given to students.

The program is called the Community Eligibility Provision. It's part of the 2010 Healthy, Hungry-Free Kids Act. Schools can participate in the Community Eligibility Provision if they have a high poverty rate.

90% of Lac du Flambeau Public School students already got free meals last year. 23 students needed to pay a reduced price and 25 needed to pay full price.

+ Read More
Students help incoming freshmen feel comfortable about starting high schoolSubmitted: 08/28/2014

RHINELANDER - Starting high school can be scary for incoming freshmen. One Northwoods high school wanted to help freshman before they start school.

Rhinelander High School held their freshman orientation Thursday. New students got the chance to do team building, get their Chromebooks and tour the school.

Juniors and seniors were there to help the freshmen.

"I think it helps them feel a little bit more comfortable with the high school surroundings," says Junior Emily Ditzler. "You know, walking in on the first day of high school you're not sure where to go. But orientation helps them know exactly where their classes are 'cause they get their schedules right now, and they can become familiar with the teachers and with their homerooms."

+ Read More
+ More General News
Search: 




Click Here